Friday’s Thoughts from Gary
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Platinum is really a scarce and expensive base metal. It acts like copper, not gold.
However, wealthy Chinese people choose platinum in preference to gold for jewelry.
it’s the “M”.word…CFS…the “M” word……with whats happening in Africa, & Russia, PLA. should be screaming.
Mining?
100 % MANIPULATION ! Don’t look for GHOSTS ! BUY AND HOLD ! LONG WAY TO GO !
LUCK DISS SILVER STOCH ! YOU ALL !http://www.bloomberg.com/quote/THO:CN
London closes and NY slams gold again!
Of course what you think day never STOP !
Gary, said the next recession will drag everything down including gold. That is a throwaway statement that should be thrown away. It is not necessarily true. It depends on the cause of the recession.
Recessions are deflationary. During a recession people sell any and everything to raise cash. We saw that during the last recession. Plus gold is due for an 8 year cycle low in 2016.
Yet gold mining stocks, such as Dome and Homestake, rose during the Great Depression…..
Not in the beginning the didn’t. They fell hard like all stocks CFS.
I only hope that Friday take downs and JPM fines in the billions just last year make the front pages of the financial mags across the world someday. (;-)
Dan….someday, maybe on some other planet.
CFS…..Well of course they do…& its Friday.
Just let the damned precious metals soar. The price is only a G-D number for gods sakes. I need a need home and financial security at the end of the month. The idea that 5000 ounces of silver which is silver bullion for 35,000 people can’t get me a nice home and a income producing fund is absurd and a crime against my humanity. I made the sacrifice and I think I ought to be able to collect the benefits.
I own this stock in all my accounts and am using it as an example as I have followed it for many years. Since Jan 15th it has shown accumulation and any GMI fear (Get Me In) will reignite the stock price of this and other micro-caps higher.
If this is 1980 type of market and all is over the stocks will still rise for the next several months. I don’t think it is over but I only have my own humble opinion.
A better example of accumulation.
If you want a hold and forget try water; something everyone really needs. But only buy on dips. e.g. PIO or similar.
You mean drips?
Especially on drips!
Thanks CFS, PIO now on my watch list.
Buy now, or wait till May ?
Tomorrow is the Ides of March. Turn down all invitations from friends.
B……..oh dear, & tomorrow I was going to invite you to join me in a Ponzi scheme involving chickens.
And a Full Moon too. Lord help us.
Full schedule boys. Crimea election on Saturday, riots in Kiev by Sunday night, Presidential golf tour Monday (kidding about that), then the dollar bounces and FOMC on the 18th to confirm what we already know. What could possibly go wrong? Hey….maybe gold WILL go up!
Gary, in today’s commentary you look for gold to hit $2000 by around the end of the year. In the last week you said you thought gold would go to $7000. If you think gold is going to drop after peaking around the end of the year, what is your timeframe for the $7000 figure?
Thanks,
Bill
Bill,
2017/18
My live gold charts from goldprice.org have gone dead. Anyone know of a live chart at another site?
OMG! Manipulation!!!
Julio……Manipulation !!!!!……that’s a wicked rumour.
My live chart is finally live. I was blind to the gold movements for a few hours. Should have taken profits early today and got back in at lunch time.
Google live spot gold?
Gary, so you see deflation taking everything down next year meaning a partial pullback for gold I assume. Then what drives it back up for highes in 2017/2018? Inflation?
Thanks for your insights,
Bill
Deflation should begin next year, but not hit bottom until early 2016.
The same thing will drive the bubble phase in 2017/18 as has been driving gold for 14 years. The Fed will use the same play book at the bottom of the next recession/depression as they did in 2009. They will print on a scale that the world has never seen before. It will destroy the global bond markets and currency markets forcing the world to accept a return to asset backed money.
Holy sh*t….that is quite a bold prediction, Gary.
I like Gary for at least his courage in making calls and sticking pretty much to them on kereport. Even when he makes a call that I have doubts about, it makes me think, because you can almost literally hear Gary’s mind whirring as he speaks. Go Go GARY!
Hey birdman- remember this post of yours when Grandich said to short the stock market last Friday. Perhaps it’s why Grandich manages hundreds of millions for athletes and movie stars and you’re only here
o On March 7, 2014 at 2:30 pm,
Birdman says:
No market top in sight. Peter will be losing money on this trade.
http://www.zerohedge.com/news/2014-03-14/stocks-have-worst-week-9-month-gold-hits-6-month-highs
No one can predict, imho. Those who make calls occasionally luck out. Rest of the time they eat broken glass.
On feb. 7, Mr. Grandich wrote that “this stock rally shall fizzle next week”. See what happened with that call. Too early to tell if he will be right this time.
Oh Lord….who are you? You seem to forget that Peter was calling for a market TOP……EG, that stocks would crash or some other such nonsense. So have stocks crashed? Of course he will end up losing on that trade. There is no crash in sight far as I can see so the advice is pure rubbish and Peter is way off his game. Maybe you forgot the part where he went broke on his own advice. By the way….why are you defending Peter. He your cousin?
And here is an article I am sure you will enjoy Francis. It gives a little insight into Peters reputation as a great top and bottom caller. In December 2011 he went on an insult rampage calling other newsletter writers “Stooges” for their calls that gold had entered a bear market. Hmmm…..really? Well in fact gold did go on to post losses for all of the next 24 months. Oh gee, I think Peter got that call wrong by what…..maybe 700 dollars or so. So even he makes major mistakes. Keep that in mind. You have to think for yourself when investing.
Grandich calls Gartman one of the ‘three stooges of gold forecasting’ ~~ December 2011
http://business.financialpost.com/2011/12/14/grandich-willing-to-wager-gartman-us1-million/
I have to agree with you, Birdman. Grandich recently made some big blunders. In the fall of 2012 he stated that he had about 75-80 percent of his financial assets in the Junior Gold miners. Well the Junior Gold miners lost over 50% within the next year. And people, like Grandich, who call other people names are immature.
birdman you show your stupidity over and over again. Grandich’s sell short call specifically noted he wasn’t expecting a crash. And as far as his gold call, it was off but when you total up all his calls you can’t even come close to his success. Now I’ll leave you alone as it’s obvious this is your entire life
Dearest Francis. Like Matthew you cannot get it right. Peter did indeed call a top. He even noted that he had only made such a call two other times in the past years and the commentator pointed out they were both correct thus implying he would be right this time too. Do you know what a top means for a overbought, overpriced, overleveraged stock market? It means a retracement follows back to the mean and as a rule they do not end gently. Calling me stupid is bad form by the way. That is unnecessary and puts you in the same league with the likes of Matthew who is so boorish when he is caught making a mistake.
When it comes to name-calling, you, BM, are the biggest offender this site has ever seen. In my case, you made things personal once you figured out that you are part of the sheeple/DUMB money that I’ve mentioned.
Like most sociopaths, you’re a convincing bullshitter as well —at least among those who are easily dazzled by someone with such a “gift.”
Btw, my 15+ mining stocks are up an AVERAGE of more than 100% in just over two months. I bought major weakness on a case-by-case basis throughout 2013 while you moronically squawked against it.
Look at what you just wrote. You are the very hostile person.
This is the kind of complete BULLSHIT that I am talking about:
On March 13, 2014 at 10:19 am,
Birdman says:
Don’t get too crazy though Jerry. Gold is a fickle lover.
Reply to this comment
On March 13, 2014 at 9:53 pm,
Matthew says:
Gold is the least fickle asset the world has ever known.
Reply to this comment
On March 14, 2014 at 4:58 am,
Birdman says:
Get your facts straight. Gold is the most heavily speculative of any commodity class amounting to many billions each day and it has been that way all your life. Have never looked at a hundred year chart? You don’t live in Roman times so nobody cares what happened back then as it is totally irrelevant.
Even really smart people can have significant differences of opinion!
I stated a fact, Al.
Bird — what does a “hundred year chart” have to do with anything? You apparently think that the dollar is a useful measure of value or performance.
Dollar bounced nicely off resistance near .79 as predicted so I win again!
As I have previously said; que sera, sera on prices. I find little point in talking about prices per se.
However T do comment on correlations and anomalies.
With gold and silver up, how come platinum, palladium flat to down?